Last night we attempted taking sells from the supply zone around 5170, which initially reacted and gave about 100+ pips, but price failed to continue pushing lower

With that reaction, price started to build a support zone. We saw multiple candle rejections around VWAP, showing buyers stepping in around the 5160 area during the late asia session

After that accumulation, price pushed up during early NY session and managed to break above the HTF highs around 5180, a level that price had been holding under since Wednesday last week

This gives us a clear BOS and signals that buyers are gaining control

Reasons we’re looking for buys:
• Bullish PA forming after the failed sell continuation

• Support formed around 5160 with multiple rejections

• HTF BOS above 5180 after being traded under for several days

• Imbalance created during the breakout move

• Pullback entry into a discount area that aligns with the bullish move